Shrimp Feed Market Report 2025

This Shrimp Feed market report provides a comprehensive analysis of the market’s characteristics, size, and growth, including segmentation, regional and country-level breakdowns, competitive landscape, market shares, trends, and strategies. It also tracks historical and forecasted market growth across various geographies.

The shrimp feed market size has grown strongly in recent years. It will grow from $4.51 billion in 2024 to $4.82 billion in 2025 at a compound annual growth rate (CAGR) of 6.9%. The growth in the historic period can be attributed to increased aquaculture production, technological advancements in feed production, high investments in shrimp farming, sustainability initiatives in feed production, and enhanced research and development.

The shrimp feed market size is expected to see strong growth in the next few years. It will grow to $6.22 billion in 2029 at a compound annual growth rate (CAGR) of 6.6%. The growth in the forecast period can be attributed to high global shrimp demand, expansion of shrimp farming, regulatory changes, growing demand for seafood, and technological advancements. Major trends in the forecast period include increased demand for sustainable feeds, rising animal feed ingredient costs, advancement in aquaculture technology, shifts towards plant-based proteins, and stricter environmental regulations.

The rising demand for seafood is expected to drive the growth of the shrimp feed market in the future. Seafood encompasses any edible aquatic animals or plants harvested from freshwater or saltwater sources for human consumption. This growing demand can be linked to factors such as increased health consciousness, cultural preferences, convenience, sustainability concerns, and globalization. High-quality shrimp feed plays a crucial role in supporting the sustainable growth of shrimp aquaculture, enabling the industry to meet the rising global demand for seafood while reducing environmental impact and promoting the health of aquatic ecosystems. For example, as reported by GOV.UK, a UK-based government website, the UK imported 647,000 metric tons of sea fish in 2022, valued at £3.7 billion, reflecting an increase in import value from previous years. Thus, the increasing demand for seafood is contributing to the expansion of the shrimp feed market.

Prominent companies in the shrimp feed market are concentrating on developing innovative products, such as functional shrimp feed, to improve feed efficiency and sustainability. Functional shrimp feed refers to specialized diets formulated not only to fulfill the basic nutritional requirements of shrimp but also to enhance their overall health, growth, and disease resistance. These feeds often incorporate additional ingredients to provide specific benefits beyond basic nutrition. For instance, in May 2024, Skretting, a Norway-based aquafeed production company, introduced Armis, a functional shrimp feed. This new feed is engineered to bolster the resilience of shrimp facing adverse conditions and deliver optimal nutrition to support farm performance. It was specifically tailored to address the needs of shrimp farmers in India, addressing challenges posed by parasites such as Enterocytozoon hepatopenaei (EHP) and other shrimp farming diseases.

In April 2022, BioMar Group A/S, a Denmark-based feed manufacturer serving the aquaculture industry, acquired AQ1 Systems for an undisclosed amount. This acquisition aims to boost sustainability and improve feeding efficiency in shrimp farming by integrating advanced intelligent feeding technologies. AQ1 Systems Pty. Ltd., an Australia-based technology company, specializes in enhancing productivity on commercial farms, supporting global aquaculture research, and optimizing shrimp farming with technologies that improve feed efficiency and water quality management. Through this strategic acquisition, BioMar seeks to advance its capabilities in sustainable shrimp farming practices.

Major companies operating in the shrimp feed market are Cargill Incorporated, The Archer-Daniels-Midland Company, Tongwei Co Ltd, Evonik Industries AG, Charoen Pokphand Food Public Company Limited, Nutreco Holding N.V., Novozymes AS, Alltech Inc., Virbac Corp, Guangdong Yuehai Feeds Group Co Ltd, Ridley Corporation, Avanti Feeds Ltd, Aller Aqua A/S, Rangen Inc, Zeigler Bros Inc, BioMar Ltd, INVE Aquaculture, Growel Feeds Pvt. Ltd, Blue Aqua International Pte Ltd, Bern Aqua NV, ACI Godrej Agrovet Pvt, Guangdong Evergreen Feed Industry Co. Ltd., Thai Union Feedmill Public Company Limited.

Asia-Pacific was the largest region in the shrimp feed market in 2024. Europe is expected to be the fastest-growing region in the forecast period. The regions covered in the shrimp feed market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the shrimp feed market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Shrimp feed comprises specialized diets tailored to fulfill the nutritional needs of cultivated shrimp. These formulations typically incorporate a well-balanced combination of proteins, carbohydrates, fats, vitamins, and minerals, aimed at promoting optimal shrimp growth, health, and reproduction.

The primary categories of shrimp feed include starter grade, grower grade, finisher grade, and specialized shrimp feed. Starter-grade feed is designed specifically for young shrimp during their initial developmental stages. It caters to various shrimp species such as Pacific whiteleg shrimp, black tiger shrimp, among others. Ingredients commonly found in these feeds include fish meal, plant-based feeds, soybean meal, wheat-based feeds, corn-based feeds, and others. Additionally, additives such as vitamins, proteins, antioxidants, antibiotics, fatty acids, and feed enzymes are often incorporated.

The shrimp feed research report is one of a series of new reports that provides shrimp feed market statistics, including the shrimp feed industry's global market size, regional shares, competitors with a shrimp feed market share, detailed shrimp feed market segments, market trends and opportunities, and any further data you may need to thrive in the shrimp feed industry. This shrimp feed market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The shrimp feed market consists of sales of formulated feeds, pelleted feeds, extruded feeds, organic feeds, and natural feeds. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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